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SpeedTrader vs Fondex

SpeedTrader or Fondex – which is better for UK traders 2024? Compare SpeedTrader and Fondex in this detailed breakdown of their platforms, features and fees.

SpeedTrader vs Fondex Comparison Table 2024
SpeedTrader	Fondex

3	3.5
SpeedTrader is ranked #118 among UK brokers.	Fondex is ranked #97 among CFD brokers.
Review	Review
SpeedTrader is an online stock broker based in New York. Founded in 1999, the brokerage provides direct access trading software to experienced stock traders, with over 25 routing options. The broker is authorized by FINRA and SIPC, providing robust client protection.	Fondex has closed or no longer accepts UK clients. Fondex now trade under the name TopFX Fondex is an award-winning forex and CFD broker with industry low trading costs.
	76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pros
Access a range of US stocks, options, bonds and mutual funds, plus extended hours trading available from 4am to 8pm EST Two powerful platforms with level 1 price data, live news streams, advanced charting and more Heavily regulated in the US by FINRA, plus SIPC compensation coverage up to $500,000 Competitive fees at $0.0009 per share and $0.25 per options contract Reliable 24/7 customer support via live chat, telephone and email Multiple routing options Short selling aids	Full range of investments Multiple account currencies Multiple payment methods Low minimum deposit Copy trading Demo account Regulated
Cons
Only US stocks available, with no forex, commodities or cryptos Not suitable for beginners with a $30,000 minimum deposit Mobile trading is limited to iPhone and iPad users Demo account valid for 14 days only $30 inactivity fee every quarter $35 withdrawal fee No APIs	No MT4 integration
Awards
	Best cTrader Broker, 2020 Best Technology Corporate Leadership, 2019 Best FX Trading Platform, 2018 Best Trade Execution, 2018 Best Partner Program, 2017 Best Retail Platform, 2017
FCA Regulated
No List of FCA Regulated Brokers	No
Instruments
Stocks, options, bonds, mutual funds	Forex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$30,000	$0
Payment Methods
Cheque Wire Transfer	Credit Cards Debit Card Neteller Paysafecard Skrill Sofort WebMoney Wire Transfer Yandex Money
Minimum Trade
1 Share	0.01 Lots
Regulator
FINRA, SIPC	FSA, CySEC
Mobile Apps
Yes	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
No	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
No	Yes (cBots)
Copy Trading
No	Yes
Copy Trading Platform
	Fondex offers a top-rated copy trading solution where beginners can mirror the buy and sell positions of experienced investors.
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$5
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CAD AUD JPY CHF
Commodities
	Gold Silver Platinum Palladium Precious Metals Oil Natural Gas
CFD
	Fondex offers leveraged CFDs on a wide range of popular financial markets.
Leverage
	1:500
FTSE Spread
	1.8
GBPUSD Spread<
	0.8
Oil Spread
	3.4
Stocks Spread
	From 0.01
Forex
	Fondex offers trading opportunities on 80 currency pairs, including majors.
Assets
	80+
GBPUSD Spread
	0.8
EURUSD Spread
	0.45
EURGBP Spread
	0.56
Currency Indices
	USD
Cryptocurrency
	Trade cryptocurrencies on the cTrader platform.
Spread
	From 0.5 pips
Coins
	BTC XRP ETH LTC DSH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

SpeedTrader	Fondex
Review	Review
	76.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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